AAPL Could Head Above $160

You can’t mistake the correlation between Apple Inc. (NASDAQ:AAPL) and the SPDR S&P 500 ETF Trust (NYSEARCA:SPY).

Here’s AAPL since January:

Image from wallstreet.io

And here’s SPY:

Image from wallstreet.io

This is why I say, as AAPL moves, so does the market…

And my gut says we’ll have a huge leg up from here, or at least touch the 50-day moving average (PURPLE LINE).

AAPL is currently up $50 on the day, and yesterday we saw a doji at the bottom of a trend.

Based on that, we could see AAPL back up above $160 soon.

And I think the market will head in the same direction.

Here’s where I think the market could head today…

I am watching the market to set up our SPX and XSP expiration trades today in the Expiration Trader room.

I think we are going to see a push higher today… so I will likely be setting up a bullish butterfly around 2:00 p.m. (ET).

If you want to be there with me LIVE, sign up here.

Or call Gabe and his team at: 877-848-3418 to get more info. 

I’ll see you then,

Mark Sebastian

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Comments

One response to “AAPL Could Head Above $160”

1. Thank you Mark for all your advice. I am at sea with the markets. I live in dublin Ireland. I can only access one online account here and they don’t show al of nyse or the

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